The creator of this cryptocurrency is Satoshi Nakamoto who is unknown and can be an individual, group of people or organization. Bitcoins are born from a gold mining process and through an ICO (Initial Coin Offering), similar to the IPO on the stock exchange. The uppercase “B” (Bitcoin) refers to the payment network, while the lowercase “b” (bitcoin) refers to digital gold and blockchain is the encrypted digital record that stores securely, verifiably and permanently data. The valuation of this asset by the Cost Method (mining costs) indicates the reconstruction cost, but does not consider the market demand. The Discounted…Read more

Stock inventories are being controlled with high technology to ensure the invested capital. With all available practices and controls it is necessary to track possible errors, frauds or thefts. Inventory and process verification are required to ensure compliance with standards. The experience, planning and details of physical and financial information are Mynarski’s expertise in managing industrial stock inventories….Read more

Financial instruments are receivables, which include, but are not limited to swap, promissory, convertible stock, stock option, financial guarantee and bond agreements, and the valuation of these instruments requires the estimation of possible loss in value, considering future foreseeable factors….Read more

Purchase Price Allocation is the allocation of acquired assets and liabilities at fair value. Assets are tangible and intangible and liabilities are all debts. The process includes the identification and valuation of assets and liabilities.   Industrial plants, urban and rural real estate, land, etc…;   Machinery, equipment, installations, etc…;   Intangibles;   Debts and obligations. When the value of the assets, minus the value of the liabilities, is lower than the acquisition value, we identify the goodwill of the transaction….Read more

Mexico has already implemented the international standard for financial reporting and NIIF – C6 establishes the assets values reviewing when they change significantly. If there are no significant changes, then appraisals can be performed every 3 or 5 years. The same standard states that the depreciation method should be revised at the end of each fiscal period and if there is a significant change in the expected pattern then the new useful lives should be noted….Read more